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AdvaMed Applauds Signing of APEC Health Stakeholders Ethics Statement
Nusa Dua, Indonesia The following statement was released by Christopher White, senior executive vice president and general counsel at AdvaMed, the Advanced Medical Technology Association, in response to the signing of a comprehensive ethics statement at the Asia-Pacific Economic Cooperation forum (APEC) meeting in Nusa Dua, Indonesia:
“We applaud today’s signing of the ‘Bali Healthcare Stakeholders Statement on Fostering Ethical Environments in the Medical Device and Biopharmaceutical Sectors,’ which marks a significant milestone in the effort to harmonize voluntary codes of ethics across APEC member countries. For more than three years, the medical technology industry has been working with APEC to advance this shared goal, and we are pleased that a number of Asian hospital and physician groups joined in supporting this statement.
“We are pleased to support this public-private partnership among industry and the region's trade, health ministers and other governmental authorities to foster an environment where medical decision making is in patients’ best interests. In addition, voluntary codes of ethics significantly benefit APEC economies by providing a platform for effective industry self-regulation. They benefit businesses, especially resource-constrained small- and medium-sized companies, by providing clarity and harmonization in rules and practices as well as allowing firms to compete across the region at a reduced cost.
“We look forward to continuing our efforts and working with APEC member countries to implement the high-standard codes of ethics that have been developed through this initiative.”
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